45 Hour Post License Florida Exam Complete Set Actual Questions And Correct Detailed Answers

45 Hour Post License Florida Exam COMPLETE SET ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS Farming - ANSWER : Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - ANSWER : - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units - dispositions of business interests for property of four or fewer residential units absentee owners - ANSWER : owners who buy income property as investments and depend on professionals to manage them All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed and reported in conformity with the - ANSWER : Uniform Standards of Professional Appraisal Practice (USPAP) The largest and most prestigious real estate organization in the world is ________. They work for legislation enforce professional standards of conduct through its ________. - ANSWER : 1. The National Association of Realtors (NAR) 2. Code of Ethics The largest trade association in the state is _________ - ANSWER : The Florida Association of Realtors (FAR) The duties required by the Code of Ethics are: - ANSWER : 1. Duties to clients and customers 2. Duties to the public in general 3. Duties to other real estate licensees